Pizza Today - August 2021 - 65

Much of negotiating a lease
requires contemplating unpleasant
scenarios, such as if you need
to terminate the lease early or if
the building suffers a catastrophic
event like a fire.
Leases can be difficult to terminate
early and typically leave the tenant on
the hook for the monthly rent until the
end of the term or until the landlord
can find a new tenant. However, a
well-negotiated termination clause can
pre-determine a set amount to be owed
as a termination fee, rather than the full
amount of payments owed under the
lease.
Further, ensure that the assignment
clause, which is when one party wishes
to transfer its responsibilities under the
lease to a third party, states that the
landlord's consent cannot be unreasonably
withheld to assign the lease. This
will ensure that as long as the tenant is
appropriate for the space and satisfies
credit requirements, you can assign the
lease to that party.
In regard to liability for catastrophes
like fires and floods, a good lease should
always contain a waiver of subrogation
clause. This clause states that in the
event that both the landlord and tenant
have insurance that neither party may
sue the other for damages, even if one
party was negligent. This will protect
you in the event that the landlord wants
to sue you for damages to the building
if they feel that you were the negligent
cause of the catastrophe.
Finally, a good lease will have an
exclusivity clause that prevents the
landlord from leasing a space in the
same building or complex to another
pizzeria or other similar competitor.
This is in the best interest of both parties,
as landlords typically like to lease
to a diverse group of tenants.
When negotiated thoroughly at the
start, restaurant leases benefit both
the landlord and the tenant. However,
poorly written leases usually lead to
conflict and animosity between the
landlord and tenant, as well as higher
operating expenses for the business
owner. Of course, if you are unsure
about certain provisions or just want
another set of eyes to look over a
document, a good business law and real
estate attorney can help you review a
lease and help protect your interests. n
THOMAS REINHARD is a Seattlebased
business attorney and a co-owner of
Cascadia Pizza Co.

http://www.woodstone-corp.com http://www.woodstone-corp.com

Pizza Today - August 2021

Table of Contents for the Digital Edition of Pizza Today - August 2021

Commentary
Digital
Conversation
Mike's Monthly Tip
Man on the Street
Building Blocks
Tony's Trending Recipe
Knead to Know
Destinations
Drivers Safety a Top Concern
Launching a Mobile Biz
Small Market Marketing
Fall/Winter Menu Preview
Sweet and Savory Combinations
A Frozen Pizza Line
Pizza Expo 2021 Preview
Return to Indoor Dining
A Guide to Lease Agreements
Catering's Comeback
Contract Best Practices
Preferred Supplier
Pizza Today Yellow Pages
The Marketplace
Expo Spotlight
Pizza Today - August 2021 - CT1
Pizza Today - August 2021 - CT2
Pizza Today - August 2021 - Cover1
Pizza Today - August 2021 - Cover2
Pizza Today - August 2021 - Commentary
Pizza Today - August 2021 - 4
Pizza Today - August 2021 - 5
Pizza Today - August 2021 - 6
Pizza Today - August 2021 - 7
Pizza Today - August 2021 - Digital
Pizza Today - August 2021 - 9
Pizza Today - August 2021 - Conversation
Pizza Today - August 2021 - 11
Pizza Today - August 2021 - Mike's Monthly Tip
Pizza Today - August 2021 - 13
Pizza Today - August 2021 - Man on the Street
Pizza Today - August 2021 - 15
Pizza Today - August 2021 - Building Blocks
Pizza Today - August 2021 - 17
Pizza Today - August 2021 - Tony's Trending Recipe
Pizza Today - August 2021 - 19
Pizza Today - August 2021 - Knead to Know
Pizza Today - August 2021 - 21
Pizza Today - August 2021 - 22
Pizza Today - August 2021 - 23
Pizza Today - August 2021 - Destinations
Pizza Today - August 2021 - 25
Pizza Today - August 2021 - Drivers Safety a Top Concern
Pizza Today - August 2021 - 27
Pizza Today - August 2021 - 28
Pizza Today - August 2021 - 29
Pizza Today - August 2021 - Launching a Mobile Biz
Pizza Today - August 2021 - 31
Pizza Today - August 2021 - 32
Pizza Today - August 2021 - 33
Pizza Today - August 2021 - Small Market Marketing
Pizza Today - August 2021 - 35
Pizza Today - August 2021 - 36
Pizza Today - August 2021 - 37
Pizza Today - August 2021 - 38
Pizza Today - August 2021 - 39
Pizza Today - August 2021 - Fall/Winter Menu Preview
Pizza Today - August 2021 - 41
Pizza Today - August 2021 - 42
Pizza Today - August 2021 - 43
Pizza Today - August 2021 - Sweet and Savory Combinations
Pizza Today - August 2021 - 45
Pizza Today - August 2021 - 46
Pizza Today - August 2021 - 47
Pizza Today - August 2021 - 48
Pizza Today - August 2021 - 49
Pizza Today - August 2021 - A Frozen Pizza Line
Pizza Today - August 2021 - 51
Pizza Today - August 2021 - 52
Pizza Today - August 2021 - 53
Pizza Today - August 2021 - Pizza Expo 2021 Preview
Pizza Today - August 2021 - 55
Pizza Today - August 2021 - 56
Pizza Today - August 2021 - 57
Pizza Today - August 2021 - Return to Indoor Dining
Pizza Today - August 2021 - 59
Pizza Today - August 2021 - 60
Pizza Today - August 2021 - 61
Pizza Today - August 2021 - A Guide to Lease Agreements
Pizza Today - August 2021 - 63
Pizza Today - August 2021 - 64
Pizza Today - August 2021 - 65
Pizza Today - August 2021 - Catering's Comeback
Pizza Today - August 2021 - 67
Pizza Today - August 2021 - 68
Pizza Today - August 2021 - 69
Pizza Today - August 2021 - Contract Best Practices
Pizza Today - August 2021 - 71
Pizza Today - August 2021 - Preferred Supplier
Pizza Today - August 2021 - 73
Pizza Today - August 2021 - 74
Pizza Today - August 2021 - 75
Pizza Today - August 2021 - 76
Pizza Today - August 2021 - 77
Pizza Today - August 2021 - 78
Pizza Today - August 2021 - 79
Pizza Today - August 2021 - Pizza Today Yellow Pages
Pizza Today - August 2021 - 81
Pizza Today - August 2021 - 82
Pizza Today - August 2021 - 83
Pizza Today - August 2021 - 84
Pizza Today - August 2021 - 85
Pizza Today - August 2021 - The Marketplace
Pizza Today - August 2021 - 87
Pizza Today - August 2021 - 88
Pizza Today - August 2021 - 89
Pizza Today - August 2021 - 90
Pizza Today - August 2021 - 91
Pizza Today - August 2021 - 92
Pizza Today - August 2021 - 93
Pizza Today - August 2021 - 94
Pizza Today - August 2021 - 95
Pizza Today - August 2021 - 96
Pizza Today - August 2021 - 97
Pizza Today - August 2021 - Expo Spotlight
Pizza Today - August 2021 - Cover3
Pizza Today - August 2021 - Cover4
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